a) You want to sell four call option contracts on ZZ Industries stock at a strike price of $32.50 a share. How much will you receive in option premiums if you place this order today?

		$300
		$1,290
		$1,320
		$728
		$546

b) You own 700 shares of ZZ Industries stock which you purchased for $38.40 a share. You would like to have the right to sell your shares for $35.00 a share. What will be the cost to obtain this right?

		$0.40
		$0.90
		$476.00
		$7.00
		$900.00

Use these option quotes to answer this